3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be strongly undervalued. ###PLOTLYGRAPH### The red lines in this …
Read ArticlePredicted price range for Freeport-Mcmoran Inc
Our trading algorithm values Freeport-Mcmoran Inc (FCX) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | uptrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $27.64 |
| 60 Day Prediction | $28.97 |
| 60 Day Pred - Lower Bound | $25.87 |
| 60 Day Pred - Upper Bound | $32.07 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = 0.041 * nr_days_in_the_future + 27.748
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
FCX traded at $27.64 this Monday October 17th, loosing $-1.2 or -4.34 percent since last week.
Looking back, over the last month, FCX has been loosing $-2.08 or -7.53 percent.
Over the last year, it has been loosing $-11.29 or -40.85 percent.
Seasonality of Freeport-Mcmoran Inc
Using our AI model, we have been analyzing the value change for Freeport-Mcmoran Inc depending on the day or month of a year. This can be seen in the following graph:
